Investment consultants are being spread thinner across an increasingly broad base as super funds are forced to share the top minds with wealth managers, charities, universities and anyone else with a knowledge gap to fill.
Michael Baldwin is stepping down as chief executive of the Funds Executive Association Limited (FEAL) after 12 years with the organisation. In his time as chief executive, Baldwin established the superannuation industry’s first master’s degree in leadership, in partnership with Melbourne Business School, founded a mentoring initiative and several international scholarships. He is leaving to […]
Super funds’ demand for data has increased exponentially amid the renewed focus on governance and transparency of the last five years. Not surprisingly, these requirements emerged as a strong theme in our recent study of the challenges facing the superannuation industry, Evolving Superannuation Funds for the Future. Several interlinked factors are forcing funds to revamp […]
The chair of UniSuper, Chris Cuffe, says Labor’s proposed custodian council should be an experienced, independent group with a long-term focus, the members of which should have no commercial interest in the superannuation industry. Cuffe commended the proposals recently announced by Bill Shorten, minister for superannuation and financial services, but said the concept could be enhanced, […]
Leaving his post at the $38-billion fund, First State Super chief investment officer Mark Sainsbury has announced his retirement from financial services. No direct replacement has been announced, but former Perpetual group executive of income and multi-sector products, Richard Brandweiner, will be taking up the position of director of investment services next month. Sainsbury reflects […]
The date July 1, 2013 is a significant one for the superannuation industry in Australia for a couple of reasons. While it marks the commencement of Stronger Super, it also sees the departure of the man who has overseen its inception. About a week and a half ago, it was announced by the deputy prime […]
Sir Bob Geldof closed off proceedings at CMSF 2013 with a plea to Australia’s superannuation industry to invest in the developing world, particularly Africa. The activist also urged industry to increase engagement with its members to impact policy. “One of the things you should be doing [is] going to the developing countries. You should be […]
While the implementation of MySuper is only a couple of months away, a number of elements of the reform package remain unsettled, says David Haynes, project director at AIST. Presenting at CMSF yesterday, Haynes said of most concern to super funds should be APRA data-reporting requirements, product dashboards, SuperStream, ATO SuperSeeker and account consolidation, among […]